Waves Of Disruption In The Global Real Estate Market Is Shaping A Bold New Future For Working And Living Smarter
The global real estate market has undergone a massive wave of disruption led by three main factors — technology, behaviour, and expectations.
These three factors have made a great impact on the way we live, work, and shop. While Dubai is lagging behind a few other nations regarding the pace of change the spillover effect has affected daily life. In the residential sector, co-living is a new solution for accommodation needs.
For young professionals living in expensive cities, co-living is an excellent idea thanks to its flexible model and affordable rates. The co-living spaces are offered with short-term lease and common amenities and spaces. Besides this, it also offers excellent networking opportunities that are more valued by the millennials.
Dubai is working with Socio, UNA, Collective, and Collective 2.0 to offer community living spaces for entrepreneurs and other professionals. The offices have changed as well, with no more enclosed spaces for managers or individuals assigned desks. With the work from home concept catching on, smart devices are used to improve the convenience and comfort of the employees.
Cloud computing, shared networks, and other techs have helped with better remote working. While less than 1% of the offices in Dubai currently support co-working, this trend is set to change in the next half-decade. With decision-makers becoming more creative and thinking outside the box, the changes will continue to happen at a rapid pace.
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